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( c ) Assume Tamarisk Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of

(c)
Assume Tamarisk Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts
has a debit balance of $830 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected
to be 9% of Accounts Receivable. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and
enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31
eTextbook and Media
List of Accounts
Attempts: 0 of 2 used
(d)
Assume Tamarisk Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts
has a credit balance of $1,970 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are
expected to be 6% of Accounts Receivable. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account
titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Debit
Credit
Dec. 31The following represent different scenarios for Tamarisk Company. Prior to any year-end adjusting entries, Tamarisk Company had a
balance in Accounts Receivable of $130,000. Credit sales during the period were $700,000, and Sales Returns and Allowances were
$20,000
(a)
If Tamarisk Company uses the direct write-off method to account for uncollectible accounts, journalize the entry if on May 8
Tamarisk determined that Randal Company's $660 balance is uncollectible. (List debit entry before credit entry. If no entry is required,
select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is
entered. Do not indent manually.)
Date Account Titles and Explanation
Debit
Credit
May 8
eTextbook and Media
List of Accounts
Attempts: 0 of 2 used
(b)
If Tamarisk Company uses the allowance method to account for uncollectible accounts, journalize the entry if on May 8 Tamarisk
determined that Randal Company's $660 balance is uncollectible. (List debit entry before credit entry. If no entry is required, select "No
Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do
not indent manually.)
Date Account Titles and Explanation
Debit
Credit
May 8
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